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Ksh at its weakest since it floated in 1994
Rank: Elder Joined: 11/7/2007 Posts: 2,182
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the deal, i concur, way better. the best thing is most of us here knew that this was going to happen. let the movie "saving the shilling 2" begin. LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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www.nation.co.ke/busines...6/-/r04kytz/-/index.htmlThe games have began  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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kyt wrote:the deal, i concur, way better. the best thing is most of us here knew that this was going to happen. let the movie "saving the shilling 2" begin. They sold $124mn in 4 days in their quest of defending the KES...that $124mn will be used to finance more imports...KES at 86.3...gimme gimme popcorns...can't wait for Monday...
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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the deal wrote:kyt wrote:the deal, i concur, way better. the best thing is most of us here knew that this was going to happen. let the movie "saving the shilling 2" begin. They sold $124mn in 4 days in their quest of defending the KES...that $124mn will be used to finance more imports...KES at 86.3...gimme gimme popcorns...can't wait for Monday... Today CBR story will tell where the tape will head...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Yet again KES is popping up on the worst currency performing list... Quote:
The shilling depreciated 3.5 percent last month, making it the sixth-worst performer among African currencies, according to data compiled by Bloomberg.
http://www.bloomberg.com...rent-account-gap-1-.html$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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As expected @hisah LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Tbills (182 & 364 day) reversing the 5 month downtrend... The inverted yield curve period is refusing to go away... So NSE up and tbill yields looking to go up as well as KES gaining strength. Eh, someone is lying big time. Guess who? Anyway I hope the EURKES keeps tanking. Now at 105 & looking lower. Exports to euroland getting crimped by strong KES. What will that do to the BoP? I'm liking the confusion on imports vs exports. Another round of smashing the KES is in horizon as the econ bleeds. KES is supposed to be weak as per fundies, but money lords force it to be strong... www.businessdailyafrica....2/-/aj8sy4z/-/index.html$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Someone is truly clutching onto straws here. SMH
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Cde Monomotapa wrote:Someone is truly clutching onto straws here. SMH Rainmakers were hired and did their job, but someone's sleeping at the deck. We will compare notes Dec 2012.
Buy euros and convert them to KES by Dec 2012.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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hisah wrote:Cde Monomotapa wrote:Someone is truly clutching onto straws here. SMH Rainmakers were hired and did their job, but someone's sleeping at the deck. We will compare notes Dec 2012.
Buy euros and convert them to KES by Dec 2012. I don't do Vegas man. You are on your own.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Last year technicals were used to preserve fundamentals. This year fundamentals are restoring looking to relieve technicals. Your thinking seems to have remained static and that is why I fear for you
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cde Monomotapa wrote:Last year technicals were used to preserve fundamentals. This year fundamentals are restoring looking to relieve technicals. Your thinking seems to have remained static and that is why I fear for you And if you were my Fund Manager, guess what I would've done already  #DonaldTrump
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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I understand that U wish Kenya better like being engaged in sophisticated export trade (we shall get there-promise!) with the now troubled world (that U operate in) but fortunately & at this point, the majority of us are still farmers and rain is a big deal as far as our productivity & livelihoods are concerned.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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PS: My favorite commodity, milk has come off 5 bob to 40 and I'll be damned if that had nothing to do with rain, which led to increased pasture, hence, increased milk production and culminated in good old demand & supply economics
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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And before anymore voices are raised here, the short rains will be with us in Q4 and crude probably in the $80s. *shrugs*
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Rank: Member Joined: 11/26/2009 Posts: 67 Location: Pare pare
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Cde Monomotapa wrote:hisah wrote:Cde Monomotapa wrote:Someone is truly clutching onto straws here. SMH Rainmakers were hired and did their job, but someone's sleeping at the deck. We will compare notes Dec 2012.
Buy euros and convert them to KES by Dec 2012. I don't do Vegas man. You are on your own. So cde unaonaje? Clearly kes is under pressure and its a matter of time before it gives in.I think Hisahs idea of buying the euro for a dec/12 sale is on point. What's your opinion...do you believe cbk ama the rain will stop the kes erosion? Hug the bear....ride the bull.....di$mount!!!
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Rank: Member Joined: 11/26/2009 Posts: 67 Location: Pare pare
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hisah wrote:Cde Monomotapa wrote:Someone is truly clutching onto straws here. SMH Rainmakers were hired and did their job, but someone's sleeping at the deck. We will compare notes Dec 2012.
Buy euros and convert them to KES by Dec 2012.  Been thinking in those lines but Why not hibernate with the dollar instead? Hug the bear....ride the bull.....di$mount!!!
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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indeed things are Bad for KES . cbk did a 'good' job though as we didnt make a new recent low for the kes but with the 61.8% fib level holding as of close of Friday i would expect new lows to be challenged .Look at below chart obviously a move above 88 will be bad for the local currency 
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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you can also look at it as the below diagram is showing we are in a congestion area . what that means is that price doesn't have a direction. ans when we breakout of either of the red lines i expect some volatility ( huge price movements). this are just the different scenarios that would play out ! 
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Simplified wrote:hisah wrote:Cde Monomotapa wrote:Someone is truly clutching onto straws here. SMH Rainmakers were hired and did their job, but someone's sleeping at the deck. We will compare notes Dec 2012.
Buy euros and convert them to KES by Dec 2012. Been thinking in those lines but Why not hibernate with the dollar instead? The US debt ceiling & possible round of another US downgrade as well as their elections. I prefer the euro since all bets are so one-sided waiting for a collapse! Onesided trades are dangerous business in ponzinomics since the ponzi masters change the rules oftenly wrong footing the pile up.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ksh at its weakest since it floated in 1994
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